Mixed-Use Storefront with
18 Nassau Boulevard Hempstead, NY 11530
18 Nassau Boulevard, Hempstead, NY, 11530
$799,999
For Sale
$799,999
Street-level retail storefront with two residential apartments above, sold as-is and requiring rehab.
Property Size3,240 SF
Price / SF$246.91
Days on Market20
Property Features for 18 Nassau Boulevard
General Information
- Standard status
- Active
- Size
- 3,240 SF
- Property subtype
- Mixed Use
Building Details
- Year Built
- 1925
Listing agency
I P E Realty L L C
(516) 288-1460
Listed by
Hajrije Velovic · License #10401369431
(516) 288-1460
Source
Xome
Added: Jul 2 Updated: Jul 20 at 7:07PM Checked: Jul 21 at 3:08AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of I P E Realty L L C
Investment Insights
Based on property information with market context.
This mixed-use property at 18 Nassau Boulevard includes a street-level retail storefront with a build-out suited for jewelry/retail use, along with two residential apartments located above. The building is being sold as-is and needs rehabilitation and “TLC,” per the seller’s remarks.
The location is on Nassau Boulevard, providing direct street-level presence for the commercial portion while keeping the residential units as part of the same income-producing asset. Buyer is responsible for verifying all information, including zoning, legal use, utilities, permits, and occupancy.
The location is on Nassau Boulevard, providing direct street-level presence for the commercial portion while keeping the residential units as part of the same income-producing asset. Buyer is responsible for verifying all information, including zoning, legal use, utilities, permits, and occupancy.
Key Highlights
- Mixed‑use property with street‑level retail storefront and two residential apartments above
- Built in 1925 (year built: 1925)
- Central air cooling and heating system (Heating: 3)
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $97.2k | $30.00 |
| − Vacancy | −$5.5k | −$1.71 |
| EGI | $91.7k | $28.29 |
| − OpEx | −$27.5k | −$8.49 |
| NOI | $64.2k | $19.80 |
3,240 SF · lease $30.00/SF/yr · vacancy 5.70% · expense 30.00%
Alternative Uses
Best Use
Retail
$916.6K
$802.0K – $1.07M
NOI $64,162 @ 7.0% cap · market cap 8.02%
Second Best
Multifamily LT 5
$881.8K
$771.6K – $1.03M
NOI $61,726 @ 7.0% cap · market cap 7.72%
Theoretical Best
Specialty Retail
$2.14M
$1.87M – $2.50M
NOI $149,955 @ 7.0% cap · market cap 18.74%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Street-level retail storefront with two residential apartments above, sold as-is and requiring rehab.
Where is this duplex located?
The property is located at 18 Nassau Boulevard Hempstead, NY.
What is the asking price?
The asking price for this property is $799,999.
What are key features of this property?
This property features: Mixed‑use property with street‑level retail storefront and two residential apartments above; Built in 1925 (year built: 1925); Central air cooling and heating system (Heating: 3)
